News & Resources

Inside this month, the ATO rental blitz - 1.7 million taxpayers will be drawn into the ATO’s residential investment property data matching program utilising bank data. Plus, the ATO's expectations of 'content creators' from OnlyFans to Tiktokers!

Inside this month, tax and electric cars, company money - a guide for owners, the pros and cons of earn-out clauses, and what to expect from budget 2023-24.

Inside this month, we've taken ChatGPT for a spin to see the results - don't panic, our example demonstrates that getting good advice from your trusty accountant is essential. Plus, we look at the downsizer contribution now that the age has reduced to 55, and the ATO's final position on risky trust distributions.

Thanks to the Knowledge Shop members who requested the two primary articles for this month's newsletter - a very merry tax effective Christmas and the 'Secure Jobs, Better Pay' legislation. While industrial relations is not very Christmassy...ok, not Christmassy at all, the impact is a concern for many workplaces. BUT, industrial relations is not an area that accountants can assist with (your PI won't cover it), so please be careful not to try and 'help'. If your clients need assistance, direct them to the Fair Work Ombudsman, an employment lawyer, employment service, or their local chamber of commerce.

Inside this month, legislation before Parliament will lift the maximum fine for serious or repeated breaches of the Privacy Act from $2.2m to up to $50m. But can you really prevent a hack?